Birkenstock Holding plc (NYSE:BIRK) Stock Position Lifted by Nicholas Investment Partners LP

Nicholas Investment Partners LP boosted its stake in shares of Birkenstock Holding plc (NYSE:BIRK) by 105.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,449 shares of the company’s stock after purchasing an additional 8,441 shares during the period. Nicholas Investment Partners LP’s holdings in Birkenstock were worth $932,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Signaturefd LLC grew its holdings in shares of Birkenstock by 642.6% during the 4th quarter. Signaturefd LLC now owns 505 shares of the company’s stock valued at $29,000 after acquiring an additional 437 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in Birkenstock in the fourth quarter valued at about $34,000. NewEdge Advisors LLC purchased a new position in Birkenstock in the fourth quarter valued at about $45,000. Quarry LP grew its stake in shares of Birkenstock by 120.3% in the 4th quarter. Quarry LP now owns 1,097 shares of the company’s stock valued at $62,000 after buying an additional 599 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of Birkenstock in the 4th quarter valued at approximately $76,000. 19.93% of the stock is currently owned by hedge funds and other institutional investors.

Birkenstock Stock Up 0.6%

BIRK opened at $54.42 on Thursday. Birkenstock Holding plc has a 1-year low of $40.56 and a 1-year high of $64.78. The company has a current ratio of 2.84, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $10.22 billion, a price-to-earnings ratio of 43.89, a P/E/G ratio of 1.02 and a beta of 1.56. The business has a 50 day moving average of $47.80 and a 200-day moving average of $51.52.

Birkenstock (NYSE:BIRK) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. Birkenstock had a net margin of 11.73% and a return on equity of 9.52%. The firm had revenue of $385.88 million during the quarter, compared to the consensus estimate of $355.80 million. As a group, sell-side analysts anticipate that Birkenstock Holding plc will post 1.77 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on BIRK. Piper Sandler lowered their price target on Birkenstock from $70.00 to $60.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. UBS Group boosted their target price on shares of Birkenstock from $68.00 to $72.00 and gave the stock a “buy” rating in a research report on Monday, May 5th. Stifel Nicolaus decreased their price objective on shares of Birkenstock from $70.00 to $62.00 and set a “buy” rating for the company in a report on Thursday, April 10th. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $70.00 price objective on shares of Birkenstock in a report on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $66.06.

Birkenstock Company Profile

Birkenstock Holding plc manufactures and sells footwear products. It also offers sandals, shoes, closed-toe silhouettes, skincare products, and accessories. The company sells its products through e-commerce sites and a network of owned retail stores, as well as business-to-business channels. It operates in the United States, Brazil, Canada, Mexico, Europe, APMA, and internationally.